The CEO of Cysco, Tom Bene will be replaced by Kevin Hourican. Bene will remain as an Executive Advisor until March 1st to assist with transition. Hourican was recruited from CVS Health and previously served as president of the CVS Pharmacy chain.
A Sysco spokesperson noted “The Board believes Hourican’s expertise across key company capabilities including sales, supply chain, logistics, operations and digital technologies will unlock meaningful value for customers and other key stakeholders.”
For the most recent 1st quarter of FY 2020 ending September 28th 2019 Sysco Corporation (SYY) reported net earnings of $453 million on sales of $15.3 billion with an EPS of $0.87. Comparative values for Q1 FY 2018 were earnings of $431 million on sales of $15.2 billion and an EPS of $0.81.
SYY has traded over 52 weeks from $61.49 to $85.98 with a 50-day moving average of $83.70 and closed at $82.66 on January 16th 2020 trading with a forward P/E of 19.9.
The company has posted a 12-month trailing operating margin of 4.4 percent; a profit margin of 2.8 percent; return on assets and equity of 8.9 and 65.7 percent respectively.